Below please find daily updates pertaining to the latest in financial, business, and tax news:
Lois Lerner, EO Director, Takes the Fall in IRS Scandal
Posted: Fri May 24 08:26:49 PDT 2013The "Tea Party scandal" at the IRS has claimed another victim: Lois Lerner, director of the IRS Exempt Organizations (EO) division, has been placed on administrative leave after refusing to resign. Ken Corbin was promptly named the EO acting director....
Overcome a Nuance of Excel's Subtotal Feature
Posted: Fri May 24 07:36:31 PDT 2013Many users rely on the Subtotal feature in Excel to instantly insert totals, averages, counts, or other statistics into a list. As you'll see, the feature is easy to use ? until you want to copy or format just the total rows. ...
Apple Has Been Accused of Large-Scale Tax Avoidance
Posted: Fri May 24 07:11:58 PDT 2013Apple CEO Tim Cook appeared before the Senate Permanent Subcommittee on Investigations to defend his company's tax practices, including a 2 percent corporation tax rate deal it struck with the Irish government on two of its subsidiaries....
From Insight to Action: Improving Client Service through Digital Firm Management
Posted: Fri May 24 06:39:25 PDT 2013Event Date: June 25, 2013 Only...
Social Media: Ten Things Accountants Should Never Do
Posted: Thu May 23 08:08:36 PDT 2013If you're an accountant who has been experimenting with social media, this article is for you. It will be of particular interest if you've been disappointed by your social media experiences. And you're not alone if you started out with unrealistic expectations or misunderstood how social media works. ...
Controversy Swirls Around Hearings on IRS Scandal
Posted: Thu May 23 07:04:13 PDT 2013After the initial round of hearings held by three Congressional committees this week, at least we know the IRS wrongfully targeted conservative "tea party" groups applying for tax-exempt status. But precious little else has been revealed. ...
Jackpot! Ten Pieces of Financial Advice for New Powerball Winner
Posted: Thu May 23 06:38:21 PDT 2013There's one person ? or maybe a group of people ? who has yet to claim the largest Powerball jackpot in history: an estimated $590.5 million. The ticket was purchased on May 18 from a Publix supermarket in Zephyrhills, Florida. ...
Feedback Sought for FASB/IASB Lease Accounting Proposal
Posted: Wed May 22 14:11:18 PDT 2013Interested individuals and organizations have until September 13 to offer their input on a revised exposure draft ? "Proposed Accounting Standards Update - Leases (Topic 842)" ? from the FASB and the IASB....
IRS Official Lois Lerner Pleads the Fifth before House Oversight Committee
Posted: Wed May 22 13:07:44 PDT 2013Lois Lerner, director of the IRS Exempt Organizations division, chose to invoke her Fifth Amendment right against self-incrimination before the House Oversight and Government Reform Committee on May 22....
Crime Watch: May 22, 2013
Posted: Wed May 22 09:46:18 PDT 2013Michael Parker of Baltimore, Maryland, who was the COO of TransCapital Corporation, a tax-advantaged investments company based in Virginia, was sentenced May 20 to fifty-four months in prison in KPMG tax shelter case....
